A drillship formerly active in the Baleine offshore exploration area off Côte d’Ivoire has arrived off the coast of Namibia, where it is set to conduct single-well drilling for Portuguese energy multinational Galp Energia. The Santorini, owned by Italian oilfield services company Saipem SpA, is part of a significant investment totaling N$2.1 billion by Galp, following exploratory drilling in January 2023. Currently stationed off Long Beach between Walvis Bay and
Category: Shipping News
Brazil’s Port Privatization Strategy Expands with Auction of 35 Terminals
Brazil has announced plans to auction off 35 terminals as part of its ongoing privatization efforts, marking a key step in the country’s strategy to modernize its port infrastructure. This announcement follows the recent acquisition by MSC subsidiary SAS Shipping Agencies Services, which secured a 56.47% stake in port operator Wilson Sons for 4.3 billion Brazilian reais. The government’s initiative aims to enhance efficiency and competitiveness in global trade by
Cosco Shipping Energy Transportation Strengthens Global Chemical Logistics with Asset Consolidation
Cosco Shipping Energy Transportation is consolidating its parent company’s chemical product supply chain assets to enhance its position in the global chemical logistics market. The newly established Dalian Cosco Shipping Energy Transportation Supply Chain Company will merge Cosco Shipping’s transportation, warehousing, and logistics assets for LPG and chemical products. “The asset consolidation will enhance the company’s service capabilities in the chemical and energy logistics sectors and optimize overall business performance,”
Tragic Accident Claims Lives of Two Workers at Virginia Ship Repair Yard
Two workers tragically lost their lives in an accident at the Marine Hydraulics International (MHI) Ship Repair Yard in Norfolk, Virginia, last week. Emergency services responded to the incident on the Elizabeth River at approximately 7:45 AM on Wednesday. One worker was pronounced dead at the scene, while another, who was critically injured, was transported to the hospital but succumbed to his injuries several hours later. MHI issued a statement
Namibia’s Tridock Shipyard to Launch $728 Million Drydock Facility at Walvis Bay
Tridock Shipyard Namibia (Pty) Ltd has unveiled plans for a cutting-edge drydock facility at Walvis Bay, projected to cost $728 million. The facility, expected to generate an initial annual revenue of US$150 million (N$2.7 billion), aims to double this revenue within three years of operation, according to a recent report in Mining & Energy. The project will create approximately 1,000 direct jobs, along with a range of downstream employment opportunities,
Port of Cape Town Welcomes Record-Breaking MSC Ines
The Port of Cape Town has reached a significant milestone by accommodating the MSC Ines, the longest vessel ever to dock at the Cape Town Container Terminal (CTCT). The 348.5-meter vessel surpassed the previous record of 336 meters for ‘length overall restrictions’ at the port. MSC Director of Operations, Captain Ian Rosario, attributed this achievement to the guidance of Harbourmaster Captain Alex Miya and Deputy Harbourmaster Captain Marcus Rammutloa, along
CMA CGM Expands Moroccan Presence with New Terminal at Nador West Med Port
French shipping giant CMA CGM has solidified its position in Morocco by partnering with local port operator Marsa Maroc to manage half of the new east terminal at the Nador West Med Port. Located in northeastern Morocco, this facility will have a capacity of 1.2 million TEUs (twenty-foot equivalent units) once fully operational. Industry experts, including Alphaliner, see Morocco’s strategy with Nador West Med as an effort to replicate the
Port of Los Angeles Achieves Record-Setting Quarter with 27% Rise in Cargo Volume
The Port of Los Angeles recorded a new monthly high in September, handling 954,706 TEUs (twenty-foot equivalent units), a 27% increase over the same month last year. This surge propelled the port to its best quarter ever, with 2.85 million TEUs processed in the third quarter, surpassing its previous record set in the second quarter of 2021 during the COVID-19 pandemic. Gene Seroka, executive director of the Port of Los
20 Crew Rescued After Fire Engulfs Sea Harvest Vessel Near Cape Town
Twenty crew members were safely rescued after a fire broke out aboard the Sea Harvest fishing vessel, MVF Armana, while it was sailing approximately 60 nautical miles off the coast of Cape Town, Western Cape, on Sunday. The fire occurred during the early morning hours on the 62-year-old vessel, initially raising concerns that it might sink. However, the Maritime Rescue Coordinating Centre (MRCC), based at the South African Maritime Safety
Maersk Optimistic About Suez Canal Reopening Amid Regional Conflict
As the Middle East teeters on the brink of wider conflict, Danish shipping giant Maersk remains optimistic that it’s not a question of if, but when, the vital Suez Canal will regain its prominence in maritime trade. On November 19, it will mark one year since Yemen’s Houthi rebels hijacked the roll-on roll-off carrier Galaxy Leader in the southern Red Sea, forcing its crew at gunpoint to head to the